SCHD vs SPLV: Yield, Cost and Returns Compared
As of Nov 5, 2026, SCHD yields more: 2.94% (dividend yield) against 2.12% for SPLV. SCHD is cheaper to own at 0.06% a year vs 0.25%. Over the same 15 years (Oct 2011 to Oct 2026), SCHD returned 13.5% a year with distributions reinvested, and SPLV 10.2%.
SCHDSchwab U.S. Dividend Equity ETF2.94%dividend yield| Compared | SCHD | SPLV |
|---|---|---|
| YieldDividend yield | 2.94% | 2.12% |
| Expense ratio | 0.06% | 0.25% |
| Total return, 1 yr | +38.5% | +10.9% |
| Total return, 3 yr (a year) | +20.7% | +11.8% |
| Total return, 5 yr (a year) | +10.6% | +6.0% |
| Total return, 10 yr (a year) | +13.7% | +8.9% |
| Worst drop since Oct 2011 | -21.6% | -21.4% |
| Share price since Oct 2011 | +321% | +206% |
| Pays | Quarterly | Monthly |
| Issuer | Schwab | Invesco |
| Assets | $121.1B | $7.6B |
| Started | 2011 | 2011 |
| Type | Large Value | Large Value |
Higher yield
SCHD
2.94%
Lower cost
SCHD
0.06%
Better total return
SCHD
13.5%/yr
Smaller worst drop
SPLV
-21.4%
Key facts: SCHD vs SPLV
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SCHD yields 2.94% (dividend yield) and SPLV yields 2.12% (dividend yield).
- SCHD's expense ratio is 0.06% and SPLV's is 0.25%: $6 vs $25 a year on $10,000.
- From Oct 2011 to Oct 2026, $10,000 in SCHD grew to $66,879 (13.5% a year) and $10,000 in SPLV to $43,065 (10.2% a year), distributions reinvested.
- Their worst month-end drops over that time: -21.6% for SCHD and -21.4% for SPLV.
- 0 of SCHD's top ten holdings are also in SPLV's top ten.
Cite this page
SmarterDividends, "SCHD vs SPLV: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/schd-vs-splv
$10,000 in each, Oct 2011 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SCHD became
$66,879
13.5% a year
SPLV became
$43,065
10.2% a year
Year by year
| Year | SCHD | SPLV |
|---|---|---|
| 2025 | +4.3% | +4.1% |
| 2024 | +11.7% | +13.9% |
| 2023 | +4.5% | +0.5% |
| 2022 | −3.3% | −4.9% |
| 2021 | +29.8% | +24.1% |
| 2020 | +15.0% | −1.4% |
| 2019 | +27.3% | +27.9% |
| 2018 | −5.6% | −0.2% |
| 2017 | +20.8% | +17.3% |
| 2016 | +16.2% | +10.1% |
| 2015 | −0.4% | +4.0% |
| 2014 | +11.4% | +17.3% |
| 2013 | +32.8% | +23.1% |
| 2012 | +11.1% | +10.1% |
Total return each calendar year, distributions reinvested.
Top holdings
No overlap in the top ten.
SCHD
- TXN Texas Instruments Inc4.6%
- COP ConocoPhillips4.3%
- CVX Chevron Corp4.3%
- PG Procter & Gamble Co4.2%
- KO Coca-Cola Co4.1%
- AMGN Amgen Inc4.1%
- HD The Home Depot Inc4.0%
- UNH UnitedHealth Group Inc3.9%
- MRK Merck & Co Inc3.8%
- PEP PepsiCo Inc3.8%
SPLV
- BRK-B Berkshire Hathaway Inc Class B1.4%
- WEC WEC Energy Group Inc1.3%
- DUK Duke Energy Corp1.3%
- EVRG Evergy Inc1.3%
- CNP CenterPoint Energy Inc1.3%
- ATO Atmos Energy Corp1.3%
- LNT Alliant Energy Corp1.2%
- PNW Pinnacle West Capital Corp1.2%
- FE FirstEnergy Corp1.2%
- ED Consolidated Edison Inc1.2%
SCHD vs SPLV: questions
Is SCHD or SPLV better?
It depends on the job. SCHD pays more today (2.94% vs 2.12%), SCHD costs less, and SCHD has the better total return over Oct 2011 to Oct 2026, with SPLV holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, SCHD or SPLV?
SCHD, at 2.94% against 2.12% for SPLV as of Nov 5, 2026. On $10,000 that's about $294 vs $212 a year at today's rates.
Which has the better total return?
SCHD. From Oct 2011 to Oct 2026, it returned 13.5% a year with distributions reinvested, against 10.2% for SPLV. $10,000 became $66,879 vs $43,065.
Which is cheaper, SCHD or SPLV?
SCHD, with a 0.06% expense ratio against 0.25%.
Do SCHD and SPLV hold the same things?
Not at the top: none of their top ten holdings match.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SCHD leads on 7 of 8 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.